**“FAR”** means collectively the Aeronautics Regulations of the FAA and the DOT, as codified at Title 14, Parts 1 to 399 of the United States Code of Federal Regulations.


  



**“FSDO Notice”** means an FSDO Notification Letter in the form of Schedule B attached hereto.


  



**“Flight Hour”** means one (1) hour of use of the Aircraft in flight operations, as recorded on the Aircraft hour meter and measured from the time the Aircraft takes off at the beginning of a flight, to the time the Aircraft lands at the end of a flight in one-tenth (1/10th) of an hour increments.


  



**“Lender”** means Wachovia Financial Services, Inc. 


  



**“Lien”** means any mortgage, security interest, lease or other charge or encumbrance or claim or right of others, including, without limitation, rights of others under any airframe or engine interchange or pooling agreement, except for mechanics liens to be discharged in the ordinary course of business.


  



**“Mortgage”** means Aircraft Security Agreement executed by and among Lender as lender, Lessor as debtor, and James R. Crane as borrower as of the 1st day of July, 2006.


  



**“Operating Base”** means Houston Hobby Airport, Houston, Texas.


  



**“Operational Control”** has the same meaning given the term in Section 1.1 of the FAR.